First Interstate BancSystem director Scott sells $184,500 in shares

Jonathan R. Scott, a director and 10% owner of First Interstate BancSystem Inc. (NASDAQ:FIBK), sold 5,000 shares of the company’s common stock on October 22, 2026, totaling $184,500.

The shares were sold at prices ranging from $36.90 to $36.91 per share, with a weighted average price of $36.90. Following this transaction, Mr. Scott beneficially owns 812,738 shares of First Interstate BancSystem common stock. The stock currently trades at $36.78 with a market cap of $3.51 billion, and according to InvestingPro analysis, appears undervalued based on its Fair Value assessment. The stock has delivered a 22.5% return over the past year.

These shares are held indirectly through various entities. This includes 448,200 shares held by the Jonathan R Scott Trust Dated as of 4/21/04, 209,678 shares by IXL Limited Liability Company, 36,553 shares by Holland Elizabeth Scott Trust, 36,553 shares by Harper Grace Scott Trust, 36,554 shares by Harrison William Scott Trust, and 45,200 shares held by Jonathan Scott’s spouse.

Due to certain agreements, Mr. Scott and other signatories may be deemed members of a group, potentially sharing beneficial ownership of the reported securities. However, Mr. Scott disclaims beneficial ownership of such securities except to the extent of his pecuniary interest. Notably, First Interstate has maintained dividend payments for 17 consecutive years, currently offering a 5.11% yield—one of several InvestingPro Tips available for deeper analysis.

In other recent news, First Interstate BancSystem reported its third-quarter 2026 earnings, which fell short of Wall Street expectations. The company posted earnings of $0.65 per share, missing the anticipated $0.91 per share, though revenue slightly surpassed forecasts at $249.5 million. Net income decreased to $62.2 million from $83.9 million in the previous quarter, despite an improvement in net interest margin to 3.55%. Analysts noted this as the 10th consecutive quarterly increase in net interest margin, indicating ongoing balance-sheet improvements. Additionally, non-interest-bearing deposits rose for the second straight quarter, highlighting franchise strength. The bank repurchased approximately 2 million shares for $76 million during the quarter. Management indicated potential balance-sheet pressure from loan payoffs expected in the fourth quarter. Net interest income increased by 2% from the second quarter, reaching $206.2 million, driven by higher loan yields and reduced funding costs.